Annie Zaidi"10th anniversary of the Panama Papers... the super-rich continue to exploit offshore systems to evade taxes and conceal assets, highlighting the urgent need for coordinated international action...
An amount of $3.55 trillion in untaxed wealth was stashed offshore in tax havens and unreported accounts in 2024, according to Oxfam’s estimates. “This sum exceeds the GDP of France and is more than twice the combined GDP of the world’s 44 least developed countries,”
Untaxed wealth hidden offshore by richest 0.1% surpasses entire wealth of the poorest half of humanity: Oxfam
Oxfam’s new analysis reveals that untaxed offshore wealth held by the richest 0.1% now exceeds the entire wealth of the poorest half of humanity, exposing how tax havens fuel extreme inequality and urging global action to tax the super-rich and end secrecy.